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43 sats \ 0 replies \ @cryptocoin 1 Jul 2022 \ on: BIS To Allow Member Banks To Hold 1% Of Their Reserves In Bitcoin bitcoin
Frances Coppola on this:
Dear Finbold, the BIS is not "allowing banks to keep 1% of reserves in Bitcoin". It is actually severely limiting banks' exposure to Bitcoin and other Group 2 crypto assets. AFAIK no other asset class has an absolute capital exposure limit like this. https://finbold.com/bank-for-international-settlements-to-allow-banks-to-keep-1-of-reserves-in-bitcoin/
And some other Tweets of hers are along the same lines.
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